A ________ specifies the overall terms of agreement for a given time period, often 1 or more years and the total quantity purchased.
A) selection approval
B) expedite order
C) limited purchase order
D) blanket order

Question

Quizplus · Accepted Answer

A blanket order is a purchase order the customer makes with its supplier which contains multiple delivery dates scheduled over a period of time, often for a year or more. This type of order allows for multiple deliveries and ensures that the buyer has a consistent supply while potentially benefiting from bulk pricing.

A ________ Specifies the Overall Terms of Agreement for a Given